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Pudgy Penguins (PENGU) Nears Critical Support Zone Amid Multi-Month Lows

Pudgy Penguins (PENGU) Nears Critical Support Zone Amid Multi-Month Lows

Author:

Global Cryptocurrency

Published:

2025-11-16 23:12:02

10

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BTCCSquare news:

Pudgy Penguins (PENGU) is testing a pivotal support level at $0.012, a zone historically known for triggering significant price reversals. The token has entered a freefall phase, breaking successive support levels to trade at $0.0123—its lowest in months. Analysts highlight relentless sell pressure, with failed retests and bearish momentum dominating the charts.

Liquidity pockets NEAR $0.010 and $0.008 loom as potential downside targets if the current downtrend persists. EdgenTech's projections outline four scenarios for PENGU over the next 6–12 months, ranging from a bullish $14.5B–$29B FDV case to a bearish $1.45B–$2.2B scenario. Market participants await a decisive volume-backed reversal to stem the bleeding.

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